Citi Raises PT on Clear Channel Outdoor (CCO) to $2.10, Keeps Neutral Rating

Clear Channel Outdoor Holdings Inc. (NYSE:CCO) is one of the best stocks under $3 to invest in. On October 29, Citi raised the price target on Clear Channel Outdoor to $2.10 from $1.35, while maintaining a Neutral rating on the shares.

Earlier on October 21, Barrington analyst Patrick Sholl maintained a neutral stance on CCO stock, giving a Hold rating.

Citi Raises PT on Clear Channel Outdoor (CCO) to $2.10, Keeps Neutral Rating

Additionally, on October 20, TD Cowen analyst Lance Vitanza raised the firm’s price target on Clear Channel Outdoor to $2.80 from $2.50 with a Buy rating on the shares. The firm noted unsubstantiated reports suggesting that Abu Dhabi’s sovereign wealth fund is working toward a potential acquisition of Clear Channel. In TD Cowen’s opinion, these reports appear credible. Furthermore, the company is experiencing favorable operating momentum.

Clear Channel Outdoor Holdings Inc. (NYSE:CCO) operates as an out-of-home advertising company in the United States and Singapore. The company operates in two segments: America and Airports.

While we acknowledge the potential of CCO to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CCO and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.